Investors’ Eyes Are on
Istanbul Real Estate

Istanbul is the largest city in Turkey and has a thriving real estate market that has attracted significant attention from investors in recent years.

The city's strategic location at the crossroads of Europe and Asia, along with its growing economy and tourism industry, have made it an attractive destination for real estate investment.

There are several factors that have contributed to the growth of the Istanbul real estate market. One of the main drivers has been the city's favorable mortgage rates, which have made it easier for both domestic and foreign buyers to purchase property.

Additionally, the government has implemented a number of measures to encourage foreign investment in real estate in Istanbul, including offering citizenship to foreign buyers who invest a certain amount of money in the city.

The Istanbul real estate market is diverse, with a range of property types available, including apartments, houses, and commercial properties.

The demand for residential property, particularly in the city's central districts, has been strong, with prices continuing to rise in recent years. The demand for commercial property, particularly in the retail and office sectors, has also been strong, with many international companies looking to set up operations in Istanbul.

It is true that the global economic impact of the COVID-19 pandemic has led to increased uncertainty and volatility in financial markets, including the real estate market. This has led some investors to look for opportunities in markets that they believe have the potential for strong returns in the future.

Istanbul and Dubai are both cities that have seen significant growth in their real estate markets in recent years, and have attracted attention from investors as a result. The demand for housing and commercial property in these cities has remained strong, despite the challenges posed by the pandemic, and they are considered to be relatively stable markets with strong potential for future growth.

However, it is important to note that investing in real estate, or any other asset class, carries risks and it is important for investors to carefully consider the potential risks and rewards of any investment before making a decision. It is always a good idea to seek professional advice and do thorough research before making any investment decisions.

The real estate prices in major cities like Istanbul, Geneva, Zurich, London, Munich, and Paris can vary significantly. The cost of housing in these cities is influenced by a range of factors, including location, supply and demand, local economic conditions, and other factors.

As you mentioned, the average square meter price of apartments in Istanbul is currently around 26,000 Turkish Liras or around 1,320 Euros. This is significantly lower than the average square meter prices in some other major European cities, such as Geneva, Zurich, and London, where prices are generally higher. However, it is important to note that the cost of housing in Istanbul is still relatively high compared to some other cities in Turkey, and it may not be affordable for everyone.

It is also worth noting that luxury real estate in Istanbul, like in any other city, is likely to be more expensive than the average real estate prices in the city. Luxury real estate in Istanbul is often located in prime areas of the city and may have high-end finishes and amenities, which can increase the price.

Overall, the real estate market in Istanbul is considered to be relatively stable, with strong demand for both residential and commercial property. It is expected that the market will continue to attract significant investment in the coming years. However, as with any investment, it is important for investors to seek professional advice from real estate agents and companies to carefully consider the potential risks and rewards before making a decision.